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See Notes Below
If we purchase a lifetime joint & 100%
survivor immediate annuity with this $100,000 (if there were
surrender charges, we would have less to reinvest), we could have
an income of $8,000 per year. Subtract the tax from the $8,000
and have a net payment of $7,016.
We suggest that $ 3,750 be given annually to a trust or to the
children to pay the premium on a joint & survivor life policy
owned outside of the estate. The policy illustrated has a face
amount of $250,000 We suggest that the remaining $3,266 dollars
be used to purchase a long term care insurance policy providing
over a half a million in protection! |
